May 18, 2020 / 5:04 AM / 8 days ago

Turkey's Ziraat Bank Q1 net profit jumps 70%

ISTANBUL, May 18 (Reuters) - Turkish state lender Ziraat Bank posted a net profit of 1.87 billion lira ($272 million) in the first quarter, up 70% from a year earlier, it said in a filing with the Istanbul stock exchange on Friday.

It said its net interest earnings rose 80.5% to 8.88 billion lira, with total loans rising 7.3% to 480.9 billion lira. ($1 = 6.8874 liras) (Reporting by Ebru Tuncay Editing by Daren Butler)

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